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What would be an opportunity for arbitrage

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Reference no: EM13239097

Suppose the price of unleaded regular octane gasoline were 20 cents per gallon higher in New jersey than in Oklahoma. Do you think there would be an opportunity for arbitrage (i.e that the firms could buy gas in Oklahoma and then sell it at a profit in New jersey)? why and why not?

Reference no: EM13239097

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